PORTLAND, ORE., Aug 26, 2003 (BUSINESS WIRE) -- Washington Mutual
(NYSE:WM), a retailer of consumer financial services, today announced
that Barbara Smith has been named as a vice president and community
development officer for the company's Community and External Affairs
In her new position, Smith assumes responsibility for working with
the nonprofit community in Oregon and Southwest, Central and Eastern
Washington. She will focus her efforts on developing relationships
with the nonprofit community and bank partners to assist the community
with their financial needs. Smith is based in Portland.
"Barbara's extensive experience in banking and professional
relationships with the non-profit community make her a key addition to
our company," said Brian Stewart, first vice president and community
development officer for Washington Mutual. "Barbara has a broad and
proven success record in assisting the nonprofit community, and will
add outstanding leadership as we continue to build and enhance our
community development resources department."
Smith brings over 20 years of banking experience to her new
position. Prior to joining Washington Mutual, Smith served as a vice
president and community development manager at U.S. Bank, where she
worked for 13 years. Throughout her career, Smith has taken an active
role in community volunteer initiatives. In particular, she was
involved with the Portland Community Reinvestment Initiative (PCRI), a
nonprofit organization specializing in affordable housing and
associated services for residents of Portland. In recognition of her
involvement the PCRI created an award in 2001 and named it in her
honor. The annual Barbara B. Smith Community Support Award is
presented to an individual who has displayed significant commitment
and has provided outstanding support to local community development
Smith attended Arizona State University, Tempe, where she studied
business and early childhood education. She is a member of the
American Banker's Association and the Hispanic Chamber of Commerce.
About the Community and External Affairs Division
Helping to build strong, vibrant communities wherever Washington
Mutual does business is integral to the company's long-term strategy.
The Community and External Affairs Division oversees all community
investment and development activities to ensure that Washington Mutual
fulfills its community goals in the most strategic way possible. The
Community and External Affairs Division manages, tracks and reports on
all community-related endeavors, including grants, giving programs,
volunteerism and the company's 10-year, $375 billion lending and
investment commitment. The division works with a variety of groups
that carry out community enrichment nationwide, such as the company's
business units and partners, government agencies, schools, affordable
housing groups and nonprofit community organizations.
About Washington Mutual
With a history dating back to 1889, Washington Mutual is a
retailer of financial services that provides a diversified line of
products and services to consumers and small businesses. At June 30,
2003, Washington Mutual and its subsidiaries had consolidated assets
of $283.20 billion. Washington Mutual currently operates more than
2,650 consumer banking, mortgage lending, commercial banking, consumer
finance and financial services offices throughout the nation.
Washington Mutual's press releases are available at www.wamu.com.
SOURCE: Washington Mutual
Darcy Donahoe-Wilmot, 206-377-3635
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